No escape for UK as Trump targets ‘foreign cheaters’ in new global trade war

British firms face a 10 per cent tariff on exports to the US after Donald Trump declared a new era for global trade, vowing to end America being “ripped off”. While the UK did not secure an exemption, it has one of the lowest tariffs at 10 per cent, compared to 20 per cent for EU nations and 34 per cent for China. Downing Street is focused on negotiating a sustainable trade deal and lowering tariffs to protect jobs and maintain economic stability.

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